Adam Neumann had been lined up to sell $970m of his own shares to Japanese investor
WeWork’s founder and former chief executive, Adam Neumann, has threatened to sue SoftBank, the office space company’s biggest investor, after it pulled out of a deal to buy $3bn (£2.4bn) of WeWork shares – including almost $1bn from Neumann himself.
SoftBank, which is run by the Japanese billionaire Masayoshi Son, announced on Thursday it was terminating a $3bn share tender rescue deal hammered out last October to save WeWork from collapse.
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